Lucaa

$SNOW is a buy at these levels. Reclaimed the lost high-timeframe support range, and is now backtesting it.

$ETH – The price has bounced off the 1D Bull Market Support Band, which is the level I highlighted in some of my prior PAT updates.
Since then, momentum has picked back up to the upside, and as I’ve said before, as long as price holds above this band, I believe the most likely outcome remains further upside.
The next key POI to watch is the lost high-timeframe support range marked in green, sitting at $2.7K, where I think we could see a short-term rejection before continuation higher.
The invalidation for this bullish view would be a break below the support band. In that case, I would consider

$ETH – The price is still correcting on the low timeframes and seems to be moving up now. However, I believe this is part of a Wave B within a corrective Wave 2 that precedes a larger move to the upside in the coming days.
I believe short-term volatility does not matter here, as long as price remains above the high-timeframe support range marked in purple, sitting at $2.1K.
As long as this level holds, the most likely outcome remains further upside on the mid-term, the market structure stays bullish, and this consolidation phase remains healthy.

Capital Markets never priced in this war as a major catalyst.
It has all been a distraction by market makers to create a counterparty to accumulate, so they can position themselves before the Fed adopts QE, in order to stimulate the economy once the labor market will weaken.

I still see further downside on the low-timeframes on the table to fully flush out overleveraged longs, meaning that this would be a wave B that precedes a final corrective wave C, as part of a larger corrective wave 2.
But short-term volatility won't matter anymore when wave 3 arrives.

The Disbelief Phase.

Europe is being suffocated in real-time.